UNITE HERE Runs Own Proxy Card with Shareowner Proposals at Ashford Hospitality Trust
April 17 marked the official start of a proxy contest between Ashford Hospitality Trust and UNITE HERE. In contrast with most contests, shareholders will not be choosing between rival candidates vying for seats on the board. Instead, dissident UNITE HERE is distributing, and drumming up shareholder support for, its own proxy cards displaying a roster of seven shareholder proposals. Read more...
CII Tracks Proxy Access Adoptions
U.S. companies are adopting a range of proxy access mechanisms, with widely varying thresholds and other conditions. CII is tracking these access mechanisms in a spreadsheet that members can view via a link on the Proxy Access page
of CII’s Web site. The page also has a link to a list of companies that filed a no-action request with the SEC to exclude competing proxy access proposals.